Financial Budgets
Financial Budgets
Simplifying Financial Budgeting
Part of ZEN Residential Ltd.’s promise of balancing life and living is offering technical expertise in financial budgeting, ensuring accuracy, and delivering better return on investment (ROI). We have a complete asset management department that is fully dedicated to this effort.
The experts at ZEN Residential have extensive knowledge of the landscape, today’s rental market, and the industry. With more than 30 years of experience, our staff are able to draw from a deep well of data in order to consistently produce accurate budgets.
ZEN Residential Ltd. provides three types of budgets for our clients:
Simplifying Financial Budgeting
Part of ZEN Residential Ltd.’s promise of balancing life and living is offering technical expertise in financial budgeting, ensuring accuracy, and delivering better return on investment (ROI). We have a complete asset management department that is fully dedicated to this effort.
The experts at ZEN Residential have extensive knowledge of the landscape, today’s rental market, and the industry. With more than 30 years of experience, our staff are able to draw from a deep well of data in order to consistently produce accurate budgets.
ZEN Residential Ltd. provides three types of budgets for our clients:
Absorption Budgets
This is a budget for a new building. It measures how fast a building will be leased up and the costs involved before the building is stabilized. This budget also includes the marketing budget.
Our comprehensive knowledge of absorption rates in each real estate market gives us a unique insight into the market conditions and allows us to adjust real estate terms accordingly. We set up achievable timelines for marketing and leasing and track those schedules.
This ensures we see all additional information, how each task relates to others, how much progress on each task has occurred, and what and how many resources have been used.
Absorption Budgets
This is a budget for a new building. It measures how fast a building will be leased up and the costs involved before the building is stabilized. This budget also includes the marketing budget.
Our comprehensive knowledge of absorption rates in each real estate market gives us a unique insight into the market conditions and allows us to adjust real estate terms accordingly. We set up achievable timelines for marketing and leasing and track those schedules.
This ensures we see all additional information, how each task relates to others, how much progress on each task has occurred, and what and how many resources have been used.
Stabilized Budget
Once the building is stabilized, this budget reflects what the projected revenues and expenses will be once the lease up is complete. The experts at ZEN Residential Ltd. guarantee the accuracy of this budget as developers use this budget for stabilized financing.
With our experience in construction, design, marketing, lease-ups, property management, asset management, and hands-on problem-solving we help owners achieve occupancy rates with strong operating incomes. Our expertise helps ensure owners receive increased occupancy rates with lower operating expense ratios, lower turnovers, and lower vacancies.
Stabilized Budget
Once the building is stabilized, this budget reflects what the projected revenues and expenses will be once the lease up is complete. The experts at ZEN Residential Ltd. guarantee the accuracy of this budget as developers use this budget for stabilized financing.
With our experience in construction, design, marketing, lease-ups, property management, asset management, and hands-on problem-solving we help owners achieve occupancy rates with strong operating incomes. Our expertise helps ensure owners receive increased occupancy rates with lower operating expense ratios, lower turnovers, and lower vacancies.
Annual Operating Budget
Once stabilized, this budget is put together on an annual basis.
We review the previous year’s numbers and find ways to continue to increase revenues and to lower costs – all while addressing variances.
Annual Operating Budget
Once stabilized, this budget is put together on an annual basis.
We review the previous year’s numbers and find ways to continue to increase revenues and to lower costs – all while addressing variances.
